Cerity Partners LLC Buys 114,823 Shares of ZoomInfo Technologies Inc. (NASDAQ:ZI)

Cerity Partners LLC raised its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI - Free Report) by 96.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 233,810 shares of the company's stock after purchasing an additional 114,823 shares during the quarter. Cerity Partners LLC owned approximately 0.07% of ZoomInfo Technologies worth $2,338,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Jericho Capital Asset Management L.P. bought a new position in ZoomInfo Technologies during the 4th quarter worth $116,622,000. Deutsche Bank AG increased its position in ZoomInfo Technologies by 21,345.2% during the 4th quarter. Deutsche Bank AG now owns 10,228,951 shares of the company's stock worth $107,506,000 after buying an additional 10,181,253 shares during the period. Hood River Capital Management LLC bought a new position in ZoomInfo Technologies during the 4th quarter worth $48,336,000. RPD Fund Management LLC bought a new position in ZoomInfo Technologies during the 4th quarter worth $43,264,000. Finally, Dimensional Fund Advisors LP increased its position in ZoomInfo Technologies by 67.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,236,035 shares of the company's stock worth $55,029,000 after buying an additional 2,118,297 shares during the period. 95.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ZI shares. Mizuho cut their price objective on shares of ZoomInfo Technologies from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Barclays raised their price objective on ZoomInfo Technologies from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Morgan Stanley cut their price target on ZoomInfo Technologies from $13.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Wells Fargo & Company boosted their price target on ZoomInfo Technologies from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 13th. Finally, DA Davidson lowered their price objective on ZoomInfo Technologies from $13.00 to $8.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, ZoomInfo Technologies presently has an average rating of "Hold" and a consensus target price of $10.63.

ZoomInfo Technologies Stock Up 2.1%

NASDAQ:ZI traded up $0.22 during trading hours on Wednesday, hitting $10.76. 3,322,043 shares of the company traded hands, compared to its average volume of 7,578,001. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73. The firm's 50-day simple moving average is $10.00 and its 200-day simple moving average is $9.86. ZoomInfo Technologies Inc. has a one year low of $7.01 and a one year high of $13.39. The company has a market cap of $3.68 billion, a PE ratio of 358.79, a PEG ratio of 13.05 and a beta of 1.02.

ZoomInfo Technologies (NASDAQ:ZI - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. The firm had revenue of $305.70 million during the quarter, compared to the consensus estimate of $295.60 million. ZoomInfo Technologies had a return on equity of 12.05% and a net margin of 0.74%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. Equities analysts predict that ZoomInfo Technologies Inc. will post 0.59 earnings per share for the current year.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.